In cryptocurrencies, new players constantly emerge, seeking to carve out a project in a highly competitive and volatile market? One such player is HedgeUp (HDUP), a relatively new token that has caught investors’ attention with its impressive growth potential.With analysts predicting gains of up to 1000%, many wonder whether HedgeUp could become as successful as Binance Coin (BNB) or Ripple (XRP), two of the most prominent and valuable cryptocurrencies in the world.In this article, we’ll take a closer look at HedgeUp (HDUP) and its prospects for growth, as well as compare it to BNB and XRP to determine whether it has what it takes to become a true cryptocurrency powerhouse.>>> Buy HedgeUp Now >> Buy HedgeUp Now architecture Ethereum Upgrade To Implement Beacon Chain Withdrawals Scheduled For April 12 During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days.The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals.This will enable Ethereum network validators to support withdrawal operations following the ruleset change.Ethereum Validator Withdrawal Operations and Fee Optimization Enhancements Set to Go Live in 27 Days At the time of writing, the Beacon chain contract holds 17,680,535 ether, worth $29.33 billion using today’s Ethereum exchange rates.
The upcoming upgrade, called Shapella, will enable the Beacon chain to use push withdrawals as operations through Ethereum Improvement Proposal (EIP) 4895.According to the EIP-4895 documentation, this will “support validator withdrawals from the Beacon chain to the EVM via a new ‘system-level’ operation type.” Additionally, the summary notes that EIP-4895’s architecture is “‘push’-based, rather than ‘pull’-based, meaning withdrawals must be processed in the execution layer as soon as they are dequeued from the consensus layer.” The latest Ethereum upgrade was originally planned for this month, but the consensus change was postponed.During the Execution Layer Meeting on Thursday, Ethereum developers announced that the upgrade is now scheduled for April 12, 2023.In addition to the Beacon chain push withdrawals proposal, the upgrade will include the implementation of EIP-3651, EIP-6049, EIP-3860, and EIP-3855.These enhancements are aimed at optimizing fees, such as limiting the “maximum size of initcode to 49152 and applying an extra gas cost of 2 for every 32-byte chunk of initcode,” as described in EIP-3860.Recently, Ethereum developers conducted testing of the upgrade on several testnets.On Tuesday, the developers completed the Goerli testnet upgrade, which was essentially the final step before the activation of Shapella on the mainnet.
Tags in this story architecture, backwards compatibility, Beacon Chain, Blockchain, blockchain governance, blockchain protocols, Codebase, community, consensus algorithms, Consensus change, Consensus Changes, Cryptocurrency, Decentralization, dequeued, Developers, EIP-3651, EIP-3855, EIP-3860, EIP-4895, EIP-6049, enhancements, Ethereum, Ethereum Improvement Proposal, execution layer, Fees, Forking, gas costs, Gas limit, Goerli, Hard Forks, mainnet activation, network, network upgrades, node operators, nodes, Optimization, pull-based, push withdrawals, push-based, Scalability, Security, Shapella upgrade, software updates, system-wide changes, testnets, Validators What impact do you think the upcoming Ethereum upgrade and the implementation of Beacon chain push withdrawals will have on the future of the Ethereum network and its users? Share your thoughts about this subject in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.
Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.American Banks Report: US Government Auctions Off Failed Banks SVB And SNBY, Crypto Restrictions Apply The U.S.government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17.However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal with crypto businesses anymore.Controversy Surrounds Alleged Crypto Restrictions for Potential Bank Buyers Last week, the second- and third-largest bank failures in America occurred within 48 hours of each other, and the two financial institutions are being sold this week.Unnamed sources familiar with the matter told Reuters that the FDIC is accepting bids for Silicon Valley Bank (SVB) and Signature Bank (SNBY), with final offers due on Friday, March 17, 2023.
The FDIC already attempted to auction off SVB last weekend, but no deals materialized, and the U.S.government proposed a bailout plan for the depositors of both banks.Sources disclosed that the FDIC is using the investment bank Piper Sandler Companies to manage the auctions of both banks.The sources added that the FDIC hopes to sell both SVB and SNBY in their entirety, but partial offers on specific bank branches and verticals will be considered.
To purchase the two financial institutions, strict rules apply, as only an existing chartered bank can submit an offer.Reuters contributors David French and Pete Schroeder were told that the scheme was designed to give traditional lenders “an advantage” over private equity companies.The reporters were also informed that bidders must not cater to cryptocurrency firms if they are to acquire SVB and SNBY.“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added,” the report by French and Schroeder details.
The Reuters account of the situation, stemming from unnamed sources, contradicts the statement made by the New York State Department of Financial Services.The New York regulator insisted that the recent bank shutdowns had “nothing to do with crypto.” The regulator made this statement after Signature Bank board member and former member of the U.S.House of Representatives from Massachusetts Barney Frank said he suspected the shutdown was an “anti-crypto” message.If the rules concerning purchasing SVB and SNBY are true, then it seems Frank’s suspicions may be warranted.
Tags in this story American Banks, anti-crypto, Auction, auctioning banks, bailout plan, bank failures, bank shutdowns, Banking Industry, Barney Frank, bidders, Bids, Chartered Bank, controversy, crypto businesses, Cryptocurrency, depositors, FDIC, Finance, Financial Institutions, Financial News, New York State Department of Financial Services, Piper Sandler Companies, potential buyers, private equity companies, Regulations, regulations vs innovation, restrictions, Reuters, Signature Bank, Silicon Valley Bank, sources, strict rules, traditional lenders, unidentified sources, US economy, US government Do you think the FDIC’s alleged decision to restrict bidders from dealing with cryptocurrency businesses is justified, or do you believe it unfairly disadvantages potential buyers? Share your thoughts in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Altcoins US Could Be Hit by Potential Hyperinflation Soon-Will Bitcoin’s (BTC) Price Make It to $100K? The crypto space appears to have relaxed a bit as the prices of the popular tokens have been consolidating within a very narrow range.Bitcoin, the star cryptocurrency, appears to be accumulating gains as it prepares to fly past previous highs very soon.Hence, the altcoins may also begin with a fresh bullish wave as the possibility of the global crypto market cap achieving the milestone of $2 trillion appears to be pretty high.But how will the BTC price reach $100k? And by when? The US economy has been badly hit by the ripple effects of the fallout from the major banks in the state.Although customers are assured they will get access to their funds, the stability of the banks continues to remain shady.In the meantime, JP Morgan, a leader in investment banking, raises the possibility of the FED releasing an emergency loan.As per the reports, the FED may soon inject $2 trillion into the US banking system to stabilize the prevailing crisis.
This facility is likely to be used by the largest banks, which may help the centralized banks recover from their losses.The reserve balances at the FED had depleted, but they spiked since the beginning of 2020 and marked highs during the first half of 2021.This was when the inflation rates began to surge.The rates, which were 1.40% in January 2021, soared to 9.06% in July 2022, which was the highest in the past 42 years! One needs to take note that this was the time when the crypto markets underwent a massive bull run where Bitcoin prices soared from around $10,000 to as high as $69,000.
Now that the FED is preparing to inject $2 trillion into the economy, the dropped inflation rates may rebound and surpass the 2022 highs.This may be when the US could be hit with hyperinflation, resulting in a bull run in the crypto markets.Many tokens may rise more than 10x to double their ATH as the BTC price is assumed to hit $100K then! Was this writing helpful? No Yes Sahana Vibhute A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space.Researching minute occurrences and bringing new insights lie within the prime focus of my task.
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